The Rs 33.84 crore Paramatrix Technologies IPO is being offered at a fixed price. The issue consists of an offer to sell 3.18 lakh shares, valued at Rs 3.50 crores, and a new issuance of 27.59 lakh shares, valued at Rs 30.35 crores. The subscription period for the Paramatrix Technologies IPO begins on August 27, 2024, and ends on August 30, 2024. On Monday, September 2, 2024, the allotment regarding the Paramatrix Technologies IPO is anticipated to be completed. The tentative listing date for Paramatrix Technologies’ initial public offering (IPO) is Wednesday, September 4, 2024, on NSE SME.
Paramatrix Technologies Limited IPO Details
| IPO Date | August 27, 2024 to August 30, 2024 |
| Face Value | ₹10 per Share |
| Price | ₹110 per Share |
| Lot Size | 1200 Shares |
| Total Size Issue | 3,076,800 Shares (aggregating upto ₹33.84 Cr) |
| Fresh Issue | 2,758,800 Shares (aggregating upto ₹30.35 Cr) |
| Offer For Sale | 318,000 Shares of ₹10 (aggregating upto ₹3.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing at | NSE SME |
The IPO price of Paramatrix Technologies is ₹110 per share. An application must have a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹132,000. HNI requires a minimum investment of two lots (2,400 shares), or ₹264,000. The registrant of the Paramatrix Technologies IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Inventure Merchant Banker Services Pvt Ltd. Svcm Securities is the market maker for the IPO of Paramatrix Technologies.
About Paramatrix Technologies Limited
Founded in 2004, Paramatrix Technologies Limited provides large and medium-sized businesses with technological solutions and software applications. The following major categories apply to the company’s software applications and technology solutions (accelerators): providing large and medium-sized businesses with technological solutions and software applications.
The following major categories apply to the software applications as well as technology solutions of the company:
Digital Transformation Services: Solution Architecture and Design, Analytics, MIS, and Reporting, PERFORM (Accelerator for Employee Performance Management), PACE (Middleware Framework for Centralized Control), Applications Development and Maintenance (ADM), ITCS (Accelerator for managing Employees Share Trading Compliance), DROANA (Virtual Classroom Platform), EVENTJET (Event log monitoring & Management Solution), BULWARK (Cloud Security Posture Assessment), and PLAYMITY (SaaS-based Gamification Platform) are some examples of digital transformation services.
Managed services: Cloud & Data Support Services, Application Managed Services, Cybersecurity Services.
